Month in Review - October 2021
October Commentary
Global stock markets had a sharp rebound in October, after selling off in September, with the TSX Composite rising 5.0% and the S&P500 (in CAD) rising 4.5%. The Canadian Bond Universe continued to descend, falling another 1.2%, with the Index now down 5.2% YTD. As highlighted many times, with interest rates so low, holding bonds in portfolios continues to be challenging and detrimental to traditional balanced portfolios that have 40% of the portfolio allocated to bonds for safety.
